Foreword by: Rector of Andalas University First of all, I would like to welcome you all to Andalas University Padang, West Sumatra, Indonesia. We are delighted to have you here to participate and share in the 2nd International Conference on Business and Economics (ICBE) in 2014. Thank you for coming, many of you travel long distances serves to remind us how important this even. This great event facilitates interaction among academics, researchers and policy makers in this region through plenary sessions, lectures and parallel paper presentations. I am delighted to know that the conference theme “Entrepreneurship and Creative Economy in Global Competitiveness” is in line with our University motto “to be a leader in character building and entrepreneurship. We hope that, some papers will inspire us to achieve our goal. Hopefully, everyone will benefit from this event through sharing paper and experiences. I would like to thank the Dean of Faculty of Economics and the Organizing Committee that have been working hard for the preparation of this international academic event. For us, this event is also a part of activities recognized 58 years Andalas University contribution to this country. We thank our sponsors for providing the funding for this Conference. Let me thank also the conference scientific committee. Finally, let me reiterate my warm welcome to all of you to the University and I wish you all a very successful conference. Andalas University, Rector ANDALAS UNIVERSITYProf. Dr. H. Werry DartaPRESS Taifur, SE, MA International Conference on Business and Economics (ICBE) 2014 i Foreword by: Foreword by: Dean of Economics Faculty, Andalas University The Chairperson of Organizing Committee 2nd ICBE 2014 Ladies and gentlemens, it is an honour to welcome all of you here to the 2nd International Conference on Business and Economics (ICBE) 2014, held by On behalf of the 2ndInternational Conference on Business and Eonomics Faculty of Economics, Andalas University Organizing Committee, I would like to warm welcome all speakers and This Conference, which is based on the theme of “Entrepreneurship and participants of 2nd ICBE 2014. Welcome to Indonesia to overseas participants Creative Economy in Global Competitiveness” just one of our many initiatives from six different countries; Australia, Netherland, Malaysia, India, Taiwan to advance the frontiers of knowledge in the field of economics and business. and Thailand. And also welcome to Padang City to delegates from other The ICBE conference brings together academics and professionals from Provinces in Indonesia. various business and economics disciplines to share latest research findings After success delivering the 1stICBE on 2010 in Bukittinggi City, Dean of and brainstorm new research ideas various disciplines. I have no doubt that Economic Faculty Andalas University initiated to propose the 2ndICBE 2014. it will provide an excellent platform for participants to exchange experiences Hence, we gratefully acknowledge supporting of the Rector of Andalas and explore new ideas in this important area. University Prof. Dr. H. Werry Darta Taifur, SE, MA and the Dean of Economics As we think about entrepreneurship and creative economics, we should Faculty Prof. Tafdil Husni, Ph.D. recognize that those areas are key important for the growth of the nations. One of the objectives of ICBE is to foster multidisciplinary research from a Universities as center for excellence are expected to provide research and variety of fields on accounting, business, management, economics and public analysis towards the wealth of nations. We are happy to meet academicians governance. The conference supports the development of empirical and and researchers in this conference. I hope this is a great opportunity for us to normative inquiry, theory building and systematic testing of theory consistent build and develop network among us. with the canons of social science, using the full range of quantitative and At Economics Faculty, we have been tried hard and engaged in a process of qualitative methodologies. In 2ndICBE, more than 200 abstracts submitted, becoming significantly different and significantly better – different from our past, with 173 papers will be presented. Thanks to all authors for participating. In and better able to help meet the needs of the people of our region and country. this special event, we would like to express our appreciation to 30 scientific By aligning our considerable expertise and renowned academic excellence committees for providing valuable feedbacks to authors and 36 track chairs with the international development agenda to accelerate economic growth, we for their valuable contributions. want to become more relevant to society. In our core activities as an academic We also extend our sincere gratitude to Professor Ian Eddie PhD FCPA from institution, we would like to improve our entrepreneur society which relevant Southern Cross University Australia as a keynote speaker for sharing his to creative industry by disseminating great numbers of research findings. thoughts on the conference theme “Entrepreneurship and Creative Economy I would like to extend my sincere appreciation to the Organizing Committee in Global Competitiveness”, and Dr Ian Patrick Austin from Edith Cowan for their untiring efforts in staging this extremely worthwhile event. I very University Australia as a panel speaker of “Strengthen Collaboration among much hope that all participants will find this conference both stimulating and Asian Universities”. rewarding. For visiting participants, I wish them a most pleasant stay in Padang. Without a great team, it would be impossible to conduct a great conference. I ANDALAS UNIVERSITYwould like to extend myPRESS deep appreciation to Organizing Committee members, Economics Faculty, especially to Tafdil Husni, Harif Amali Rivai, Vera Pujani, Masyhuri Hamidi, and Meuthia who spend every single day for discussing and preparing this Dean conference since September 2014. We are grateful to have the students who have strong commitment to provided assistance pre and during the conference period. In addition, the success of 2ndICBE is partly due to the contribution Prof. Tafdil Husni, Ph.D and support by our sponsors. I take this opportunity to offer a huge thanks to all individuals and institutions who have contributed directly or indirectly ii International Conference on Business and Economics (ICBE) 2014 International Conference on Business and Economics (ICBE) 2014 iii to success of 2ndICBE 2014. Finally, we sincerely hope all of you maximise Honorary committee the opportunities of collaborations, networks and new friendship. Have an Dr. Werry Darta Taifur. Rector of Andalas University, Indonesia enjoyable and valuable conference. Prof.Dr. Tafdil Husni, MBA. Dean Faculty of Economics, Andalas University - Indonesia Assoc. Prof. Dr. Sofri Yahya. Dean of GSB, Universiti Sains Malaysia. Organizing Committee of 2ndICBE 2014 Malaysia Chair Person Assoc. Prof. Dr. Yazrina Yahya. `Deputy Director, Center for International Relations, Universiti Kebangsaan Malaysia- Malaysia DR. Yulia Hendri Yeni, SE, MT, AK, CA Advisory Board Members Dr. Harif Amali Rivai- Vice Dean of Economics Faculty, Andalas University Indonesia Prof. Dr. Nasri Bachtiar, MA – Vice Dean of Economics Faculty, Andalas University Indonesia Drs. Ilmainir, SE, Ak – Vice Dean of Economics Faculty, Andalas University Indonesia Conference Chair: Dr. Yulia Hendri Yeni, SE, MT, AK, CA Co-conference Chair: Dr. Eva Yonnedi, MPPM Dr. Hefrizal Handra, M.Soc. Secretary: Dr. Masyhuri Hamidi, SE, M.Sc Treasury: Dr. Vera Pujani, MM.Tech ANDALAS UNIVERSITYRayna Kartika, SE, Ak,PRESS M.Fin Scientific Committee: Prof. Felix Mavondo – Monash University – Australia Prof. Ian Eddie, PhD, FCPA – Southern Cross University – Australia Prof. Dr. Syed Azizi Wafa - University Malaysia Sabah – Malaysia Prof. Dr. Siti Nabiha Abdul – Universiti Sains Malaysia - Malaysia Prof. Dr. Gautam Murthy – Osmania University - India iv International Conference on Business and Economics (ICBE) 2014 International Conference on Business and Economics (ICBE) 2014 v Prof. Dr. Elfindri, MA – Andalas University – Indonesia CONTENTS Prof. Dr. Sjafrizal, MA – Andalas University – Indonesia Prof. Dr. Syafruddin Karimi, MA – Andalas University – Indonesia Prof. Tathok Asmoni, MBA, DBA – Mataram University – Indonesia Andre Syukri Financial Report Design For Mosque Entity 1 Prof. Dr. Eddy R Rasyid, M.Com – Andalas Universtiy - Indonesia Putranto To Create Transparency And Accountability Prof. Dr. Niki Lukviarman Ak, MBA - Andalas University – Indonesia Of The Mosque Prof.Dr. Firwan Tan - Andalas University – Indonesia Prof. Dr. Syukri Lukman, MS - Andalas University – Indonesia Armel Yentifa Implementation Of Accrual Based 2 Prof. Dr. Herri, MBA – Andalas University – Indonesia Accounting On Pp No.71 Tahun 2010 To Assoc. Prof. Dr. Azlan Amran – Universiti Sains Malaysia – Malaysia Make Transparency And Accountability In Assoc. Prof. Dr. Rasid Mail – University Malaysia Sabah – Malaysia Financial Management Of Local Government Dr. Ahmad Daryanto – Lancaster University - UK Ian Austin, Ph.D - Edith Cowan University – Australia Arni Utamaningsih Venture Capitalist: An Alternative Financing 3 Dr. Jun Xu – Southern Cross University – Australia In Indonesia And Future Research Agenda Dr. Hanny Nasution – Monash University – Australia Asniati Effects Of Corporate Social Responsibility 4 Dr. Adi Zakaria Afiff, MBA, Ak – Indonesia University – Indonesia Disclosure